RE: Hegemony and Control, was "question folks"

Indeed, it is the increasingly clear distinction between who has the guns
(the US) and who has the money (EU and Japan), which leads me to think that
we might be in the midst of the formation of a world-empire led by the US.
In the "soft" version, there is less coercion and more consent among the
participants because they both benefit.  In the hard version -- Boris
Stremlin's -- there is more coercion.  But it is hard to tell them apart
sometimes.  Does the EU and Japan pay for US created wars and go along with
the global SAPs, both of which create regional chaos that directly or
indirectly diverts capital to US shores, because they gain from it over the
middle run, or because they wish to avoid an escalation?  Are they "keeping
their powder dry" or do they pay out of fear that the US might escalate its
use of real powder somewhere?  From a Gramcian perspective, one might
conclude both aspects are at play.

> -----Original Message-----
> From: owner-wsn@csf.colorado.edu [mailto:owner-wsn@csf.colorado.edu]On
> Behalf Of Gunder Frank
> Sent: Tuesday, May 09, 2000 6:21 PM
> To: WORLD SYSTEMS NETWORK
> Cc: WORLD SYSTEMS NETWORK
> Subject: Re: Hegemony and Control, was "question folks"
>
>
> meakes sense as far as it goes
>
> g/On Tue, 9 May 2000, Dennis R Redmond wrote:
>
> > Date: Tue, 09 May 2000 18:40:59 -0700 (PDT)
> > From: Dennis R Redmond <dredmond@OREGON.UOREGON.EDU>
> > To: WORLD SYSTEMS NETWORK <wsn@csf.colorado.edu>
> > Subject: Re: Hegemony and Control, was "question folks"
> >
> > On Mon, 8 May 2000, Gunder Frank wrote:
> >
> > > Imagine if they would call in teir bets. The Euro has b een falling vs
> > > the dollar, b ut the Europeans still keep oodles ofeservces
> in $$ in the
> > > US. if they would transfer some back hok - as wea expected
> tehy would do
> > > whebn the Euro came in - the US $ would plummet and the US econ son
> > > after. So why dont they? Good Question.
> >
> > Probably keeping their powder dry, is all. There was some study by
> > Deutsche Bank which showed that the Eurozone now has 150-200 billion EUR
> > in excess dollar reserves, now that many cross-European markets have
> > vanished; they could sell those at an enormous profit any time they want
> > to. Possibly the Eurobourgeoisie want a soft landing for the US
> > economy, and are fearful of touching off a double-barreled dollar/stock
> > implosion which could boomerang on them (the EU has tons of
> money invested
> > in the US right now, and would take a bath on this, just like Japan got
> > burned by the 1990-92 slump).
> >
> > -- Dennis
> >
> >
>
>
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
>                      ANDRE GUNDER FRANK
>           Visiting Professor  of  International Relations
> University of Miami           &         Florida International University
>
> 380 Giralda Ave. Apt 704                Tel: 1-305-648 1906
> Miami - Coral Gables FL                 Fax: 1-305-648 0149
> USA  33134                              e-mail:agfrank@chass.utoronto.ca
>
> Personal/Professional Home Page> http://csf.colorado.edu/archive/agfrank/
>
> My NATO/Kosovo Page>
http://csf.colorado.edu/archive/agfrank/nato_kosovo/

My professional/personal conclusion is the same as Pogo's -
            We have met the enemy, and it is US
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~